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Kerala Kaumudi Online
Sunday, 09 February 2025 11.35 PM IST

Flat, villa enthusiasts choosing Thiruvananthapuram over Kochi; Property boom in capital city

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THIRUVANANTHAPURAM: Thiruvananthapuram is bearing the fruits of Vizhinjam International Port while the nooks and corners of the city are now filled with malls and IT hubs. This big step towards a megalopolis has resulted in a flats and villa housing boom in the capital city. Compared to the previous years, a large increase in the number of residential units has been recorded this year.

Thiruvananthapuram has overtaken Ernakulam as the first place in the residential unit registration. The figures of the Kerala Real Estate Regulatory Authority (K-RERA) indicate a 49 per cent increase in registration in 2024 compared to 2023. 2987 residential units, including flats, villas, and commercial floats, were registered in 2024, while Ernakulam registered 2864 units during this period.

Earlier, Ernakulam was considered a real estate hub due to the infrastructure growth and the tentative smart city plans. However, according to real estate experts, the overcrowding in Flats across Kochi and the high demand have forced many to pick a suitable abode in Thiruvananthapuram. Lately, the capital city has attracted many due to its serene atmosphere and better lifestyle facilities. New job opportunities including Vizhinjam port, administrative center, IT hub, excellent healthcare facilities and educational institutes are also factors in attracting people. People from neighbouring states including Tamil Nadu and professionals looking for more investment opportunities are acquiring flats and villas in Thiruvananthapuram.

With the increase in demand, land prices have increased dramatically in most parts of Thiruvananthapuram city.

TAGS: THIRUVANANTHAPURAM, KERALA, VILLAGE, RESIDENTIAL, KOCHI
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